Cleat Market Size, Share, Demand, Outlook, and Report 2024-2032

Written by oliverreigns  »  Updated on: July 08th, 2024

Cleat Market Size, Share, Demand, Outlook, and Report 2024-2032

According to IMARC Group latest report titled “Cleat Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on cleat market growth. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global cleat market size reached US$ 187.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 353.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.31% during 2024-2032.

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Cleat Market Overview:

A cleat is a critical component in various sports, activities, and even in maritime applications, serving distinct purposes across these domains. A cleat refers to a specific type of shoe designed with protruding spikes or studs on the sole. These spikes provide athletes with additional traction on outdoor playing fields, enhancing their ability to run, stop, and change directions more efficiently and safely. Cleats are especially prevalent in sports such as soccer, football, baseball, and golf, where ground grip significantly impacts performance and safety. The design and arrangement of the spikes vary by sport to address different needs for speed, stability, and surface interaction. In maritime settings, a cleat takes on a completely different role. It is a metal or wooden fixture attached to a dock or boat, used for securing ropes.   

Cleat Market Trends:

The global market is majorly driven by the increasing participation in outdoor and team sports activities. As more individuals, both young and old, engage in sports such as soccer, football, baseball, and golf, the demand for specialized footwear, including cleats, increases. This trend is further bolstered by growing health consciousness among consumers, who are increasingly recognizing the importance of physical activity in maintaining a healthy lifestyle. Moreover, the role of professional sports leagues and their expansive fan bases cannot be underestimated. High-profile sports events and endorsements by professional athletes enhance the visibility of sports footwear, including cleats, thereby influencing consumer purchasing decisions. The influence of social media and sports marketing campaigns also plays a critical role in shaping consumer preferences and driving demand for the latest and most technologically advanced cleats. Technological innovation within the footwear industry has led to the development of more comfortable, durable, and performance-enhancing cleats. Advanced materials and design techniques have resulted in lighter, more flexible cleats that provide better support and reduce the risk of injuries.  

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Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.

  • Adidas AG
  • ASICS Corporation
  • Mizuno Corporation
  • New Balance Inc.
  • Nike Inc.
  • Puma SE
  • Under Armour Inc.

Cleat Market Segmentation:

Our report has categorized the market based on region, ground type, sports type, and distribution channel.

Ground Type Insights:

  • Firm/Natural Grass
  • Soft/Muddy Grass
  • Artificial Grass
  • Multi-Ground and Artificial Turf

Sports Type Insights:

  • Soccer
  • Rugby
  • American Football
  • Cricket
  • Others

Distribution Channel Insights:

  • Store-Based
  • Non-Store Based

Regional Insights:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa (Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

Key Highlights of the Report:

  • Market Performance (2018-2023)
  • Market Outlook (2024-2032)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

About US:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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